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How to Negotiate a Pay Raise

Abel HR

For employees, negotiating for a higher salary is one of the most crucial skills they need in their careers. Ahead, we will explain the steps you can follow to negotiate a pay raise successfully. Research Salary Data For Your Position. Before discussing a raise, you should do your homework.

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How inflation affects pay raises

Business Management Daily

If you work a job long enough, you eventually come to expect a salary increase, just as most companies expect to give you one. But what happens when the raise you receive ends up leaving you with less money than you had before? The few bucks you saved on raises last year are likely to incur costs in turnover and training this year.

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What’s a merit increase, and should your business use them?

Business Management Daily

Retaining top performers has become a serious challenge for recruiters in recent years. A merit increase or merit raise refers to a pay increase based on an employee’s performance. Merit pay is a permanent increase to an employee’s base salary and tends to go hand-in-hand with regular performance reviews.

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5 Best Strategies for Employee Retention

Hppy

The average cost of replacing an employee is 21% of their annual salary. There is a certain degree of overlay between recruitment and retention incentives. However, these are complemented by other factors like sustainable workload and periodic pay raises. Pay Raises and Variable Pay Benefits.

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How to tackle wage growth and remain competitive in a tough market

Insperity

Anyone involved in hiring and retaining employees is torn between important and seemingly contradictory objectives: Address employees’ pain and concerns about the increased cost of living so you can prevent them from disengaging or leaving the company in search of a higher salary elsewhere. ( Ensure pay equity. Be legally compliant.

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How to tackle wage growth and remain competitive in a tough market

Insperity

Anyone involved in hiring and retaining employees is torn between important and seemingly contradictory objectives: Address employees’ pain and concerns about the increased cost of living so you can prevent them from disengaging or leaving the company in search of a higher salary elsewhere. ( Ensure pay equity. Be legally compliant.

Salary 82
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Workers in North West most likely to be researching pay rises online

cipHR

When it comes to researching the subject of pay rises, however, workers in the North West are the most prolific. Notably, 90% of the top 10 towns and cities (and over two-thirds of the top 25) have lower-than-average full-time salaries. Ciphr is a specialist provider of cloud-based HR, payroll, recruitment and learning software.

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